You are here: Home - Investing -

Technical glitch closes Spanish stock market for five hours

Written by:
Spanish stocks rallied sharply this afternoon after a technical glitch shut down the country's blue chip index for almost five hours.

The Spanish IBEX 35 – containing its 35 largest companies – halted trading shortly after 8am this morning, not resuming until 12:50pm, Reuters reports.

After reopening, Spain’s premier index was 3.5% higher at 6,995 points.

The nature of the fault has not yet been specified, but it comes at a time when Spanish equity markets are very much in the spotlight and investors are nervous about the country’s sprawling deficit and weak economy.

However, positive US data on Friday has lifted markets and, coupled with low trading volumes, continues to provide a boost today.

Other indices are also climbing late this afternoon, with the Dow and S&P 500 both higher in the US, and the FTSE 100 firmer.

The Dow was up 0.6% at 13,171, while the S&P 500 was ahead 0.5% at 1,398 in afternoon trading. Meanwhile the FTSE 100 was 0.6% ahead, at 5,819.

Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Saffron BS relaunches 95% deal for FTBs

Saffron Building Society has relaunched its 95% Loan to Value (LTV) mortgage for first-time buyers who have been renting for...